Japan Logistics Fund, Inc. Reports Earnings Results for the Six Months Ended January 31, 2020; Revises Earnings Guidance for the Period from February 1, 2020 to July 31, 2020 and Provides Earnings Guidance for the Period Ended January 31, 2021
March 13, 2020 at 02:30 am
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Japan Logistics Fund, Inc. reported earnings results for the six months ended January 31, 2020. For the period, the company reported total operating revenue of JPY 9,682,375,000 against JPY 9,190,421,000 a year ago. Operating profit was JPY 4,961,220,000 against JPY 4,651,481,000 a year ago. Ordinary profit was JPY 4,556,385,000 against JPY 4,255,523,000 a year ago. Profit was JPY 4,555,703,000 against JPY 4,254,382,000 a year ago. Net income per share was JPY 5,033 against JPY 4,700 a year ago.
The company also revised earnings guidance for the period from February 1, 2020 to July 31, 2020 and provided earnings guidance for the period ended January 31, 2021. For the period from February 1, 2020 to July 31, 2020, the company revised operating revenue from JPY 9,355 million to JPY 15,075 million. Operating income revised from JPY 4,747 million to JPY 10,202 million. Ordinary income revised from JPY 4,326 million to JPY 9,806 million. Net income revised from JPY 4,325 million to JPY 9,805 million.
For the period ending January 31, 2021, the company expects operating revenue of JPY 8,904 million. Operating income will be JPY 4,506 million. Ordinary income will be JPY 4,111 million. Net income will be JPY 4,110 million.
Japan Logistics Fund Inc is real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company mainly invests in real estate assets in Tokyo area, Kinki area, Chubu area and Kyushu area. Its property portfolio includes Kiyosu Logistics Center, Kadoma Logistics Center, Komaki Logistics Center, Urayasu Chidori Logistics Center II, Ichikawa Logistics Center, Komaki Logistics Center II, Kasugai Logistics Center and Chiba Kita Logistics Center. The asset manager of the Fund is Mitsui & Co Logistics Partners Ltd.
Japan Logistics Fund, Inc. Reports Earnings Results for the Six Months Ended January 31, 2020; Revises Earnings Guidance for the Period from February 1, 2020 to July 31, 2020 and Provides Earnings Guidance for the Period Ended January 31, 2021